advertisement advertisement Google Maps is a lifesaver. But the mapping technology behind Google Maps isn’t just good for highway directions and bike routes; it can also find methamphetamine labs and track gang activity. Experts in the growing field of geospatial predictive analytics use cutting-edge algorithms and data analysis techniques that can do everything from predicting terrorist activity to preventing auto theft. The larger field that geospatial predictive analytics is a part of–geographical information systems (GIS)–uses data points and specialized software to turn maps into sophisticated analysis tools. Although the work is a far cry from something as sexy as you’d see on Breaking Bad, the GIS field is booming; firms specializing in computer-driven map analysis are hosting conventions, holding hiring fairs, and developing specialized software. Max Lu, a professor at Kansas State University, developed a novel method of finding meth labs through … [Read more...] about Google Maps Help Predict Meth Labs Before They Open
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In prior discussions about smart cities, including the global rankings I published on Co.Exist a few weeks ago, I believe many of us have under-emphasized the importance of cities in creating an enabling environment for emerging technology companies. advertisement advertisement This was a key issue addressed at the first-ever Cities Summit held in Vancouver earlier this month. Mayors of 35 cities around the world joined with executives and consultants in an intense day and a half of panels discussing open cities, digital cities, urban laboratories, smart-city financing, and startup cities. One of the most interesting conversations was about “Startup Cities.” Nanci Klein of San Jose spoke about the five different industrial areas that the city is promoting, as well as the role of the city in supporting the local startup community. One of San Jose’s early insights was addressing the bureaucratic hurdles in their procurement process by creating a demonstration … [Read more...] about How Can You Build A Smart City?
According to Adam Greenfield, most public information systems aren’t very useful. He reckons a lot of kiosks you see in stations, plazas, and on sidewalks are expensive white elephants: a nice idea in some official’s mind, but not something that real people want to actually delve into on a consistent basis. advertisement “Our research suggests that the overwhelming majority of these remain woefully underutilized, resulting in virtually no return on the significant investment involved in installing and maintaining them,” he says, referring to his New York urban systems design practice, Urbanscale. Greenfield’s firm has teamed up with another in Helsinki, called Nordkapp, to develop something better. The result is what they call Urbanflow, an information system that both tourists and local people might actually want to use. Urbanflow provides layers of data: a way-finder allowing people to map A to B and find out about local services, and a mass … [Read more...] about Urbanflow: A City’s Information, Visualized In Real Time
The Reserve Bank of India (RBI) has decided to finally fall in line with what the bond markets were suggesting by increasing its repo rate to align with market rates after a prolonged pause. All members of the Monetary Policy Committee (MPC) voted in favour of the rate hike.RBI hiked repo rate by 25 basis points to 6.25 percent and reverse repo to 6 percent.Following are the key highlights of the MPC policy:Maintains neutral stance: MPC has maintained its neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent.Inflation revised upwards: MPC has projected CPI inflation for 2018-19 to 4.8-4.9 percent in H1 and 4.7 percent in H2, including the HRA impact for central government employees, with a possibility of upside risk. Excluding the impact of HRA revisions, CPI inflation is projected at 4.6 percent in H1 and 4.7 percent in H2. The policy in April had kept the CPI inflation in the range … [Read more...] about RBI announces 25 bps hike in repo rate; 10 key takeaways from RBI policy
Shishir AsthanaMotivational speaker Gabrielle Bernstein often points out in her lectures that to allow your passion to become your purpose will one day become your profession. The driving force of anything that has ever been achieved is the passion that drove the men and women behind it to achieve what was once considered impossible.Passion for trading is Junaid Shaikh’s credo. A mechanical engineer with an MBA in IT, Junaid’s infatuation for trading began when he heard his batchmates from finance stream talk about the markets and the potential of making money.Close Though Junaid worked as an IT manager with a renowned insurance company, his heart was in the markets. His love for markets saw him interacting with experts in finance and treasury division in his company. It was his passion for the markets and the hard work behind it that resulted in Junaid now running a trading desk and managing family money ahead of any of his more experienced peers. related news … [Read more...] about Weekend Special | A consistent trader who designed his tools of trade